UPDATE 1-Vale notches record iron ore output in 2017, sales slip

2 Min Read

(Adds nickel, pellet production)

RIO DE JANEIRO, Feb 16 (Reuters) - Brazilian miner Vale said on Friday that total iron ore output reached a record of 366.5 million tonnes last year, boosted by record high production from its so-called northern system, even as iron ore sales slipped slightly from 2016.

The northern system, composed of its Carajás, Serra Leste and its massive S11D mine, boasted output of 169.2 million tonnes of iron ore, the world’s top iron ore producer said, reiterating guidance of 390 million tonnes for this year.